Banks' Household Mortgage Lending Rates up for 5th Month in Sept.
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6 Articles
The Bank of Korea announced on the 29th that the interest rate on fixed-rate mortgage loans issued by banks in September stood at 5.11%, up 0.23 percentage points from the previous month (4.88%). This marks the first time the rate has surpassed 5% since January 2013, when the Bank of Korea began compiling interest rate statistics by classifying mortgages into fixed and variable types, and follows a 12-month consecutive rise since October 2025 (3…
(Seoul = Yonhap News) Reporter Chae Sae-rom = Driven by the rise in the benchmark and market interest rates last month, interest rates on household loans in the banking sector have risen for five consecutive months, approaching 5%. Mortgage loans...
Both lending and deposit interest rates are on an upward trend following the Bank of Korea's monetary tightening. Among household loans in the banking sector, mortgage interest rates rose to 4.88% in September, reaching their highest level in 14 years and 5 months. Fixed-rate mortgage rates continued their upward trend for 12 consecutive months, surpassing 5%. On the 29th, the Bank of Korea's 'Financial...
[Digital Daily Reporter Kim Nam-gyu] The average interest rate applied when borrowing money from banks using a home as collateral has risen to 4.88% per annum. The overall interest rate for household loans has also approached 5%, reaching 4.96% per annum. This means that the interest burden for those seeking new loans has increased. According to the ‘Weighted Average Interest Rates of Financial Institutions for September 2026’ released by the B…
Banks′ household mortgage lending rates up for 5th month in Sept.
SEOUL, Oct. 29 (Yonhap) -- Banks' household mortgage loan rates rose for the fifth consecutive month in September on rising market interest, central bank data showed Thursday.The average interest rate on new bank loans stood at 4.57 percent last
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